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Latest News:

  • Applied Nutrition closes in on £1bn valuation after raising guidance for third time this year
  • One of Britain’s oldest family firms to save £250,000 a year as energy scheme opens to forges
  • Burnham signals more energy bills support in budget as price cap rises 4 per cent
  • OnlyFans owner dividends topped $700m before his death
  • TikTok UK legal bill tops $1bn as regulators close in
  • National Wealth Fund backs Devon tungsten mine revival with £71m
  • Zero-hours contracts crackdown risks closing ‘doors to opportunity’, employers warn
  • British start-up to help America build nuclear-powered cargo ships
  • HMRC checks 45 million PAYE accounts as P800 letters go out
  • London’s female founders pass £100m in Start Up Loans

Category: News

The latest news affecting small and medium sized (SME) businesses in the UK

Off The Kerb Productions, the talent agency behind a host of the UK’s biggest comedy stars, including Jonathan Ross, Michael McIntyre and Jo Brand, has swung to a loss of £1.8 million for the year ending 30 April 2024, after posting a £5.1 million pre-tax profit in the previous 12 months.

Bonuses force Jonathan Ross’ talent agency into the red despite revenue growth

30 June 2025 Entrepreneurs, News Jamie Young 0 Comments

Talent agency Off The Kerb Productions, which represents Jonathan Ross and Michael McIntyre, posts a £1.8m loss despite turnover rising to £51.7m—bonuses to staff cited as key reason.

unions seek £200m from ministers to safeguard scunthorpe steelworks as blast furnaces face closure Unions are calling on the UK government to inject £200 million into British Steel, in a last-ditch attempt to keep its two blast furnaces in Scunthorpe running until electric arc replacements can be brought online. The trade union Community warns that without additional support, the rapid shutdown of Scunthorpe’s coal-fuelled blast furnaces could spark nearly 2,000 immediate job losses. the push for a ‘just transition’ British Steel, owned by Chinese group Jingye, is already committed to installing cleaner electric arc furnaces (EAFs) in Scunthorpe. However, union leaders fear that the abrupt closure of blast furnaces, without an interim plan, will devastate Lincolnshire’s local economy and eliminate key steelmaking capabilities prematurely. Roy Rickhuss, Community’s general secretary, described the plan as a “roadmap towards a just transition” and a way to avoid a “destructive cliff-edge” in job cuts. He believes government intervention to cover an extra £200 million in carbon costs, which are levied on large polluters, could keep both blast furnaces running and maintain income streams until EAFs are operational. Syndex, the consultancy commissioned by Community, backs the union’s case. It argues that government support to fund the short-term costs of carbon is the only way to make operating both furnaces “financially viable.” Maintaining just one furnace or closing them both would prove too costly, Syndex warns, especially considering the high fixed costs and potential loss of critical raw material access. uncertainty around government support The request follows a separate move by the government to provide around £500 million to India’s Tata Steel for upgrading the Port Talbot plant in Wales, a deal that included the closure of its blast furnaces there, costing 2,500 jobs. Ministers have pledged up to £2.5 billion in further support to help decarbonise the UK steel industry, but details remain vague, and it is unclear how much might go to British Steel. Business Secretary Jonathan Reynolds has signalled a desire to “champion decarbonisation without deindustrialisation,” launching a consultation on the UK’s steel strategy. Yet a cocktail of global forces—such as a steel glut fuelled by China’s construction downturn and the 25% US tariffs on steel imports—threatens to depress prices further, complicating British Steel’s switch to greener operations. electric arc furnaces: a mixed blessing While EAFs produce significantly less carbon dioxide compared to traditional blast furnaces, they require extra facilities to convert iron ore for steelmaking. Such infrastructure is not yet established in the UK at the necessary scale, fuelling fears—particularly among some politicians and defence officials—that the country could lose a core manufacturing skillset if Scunthorpe’s blast furnaces are mothballed. Despite these concerns, the Trades Union Congress (TUC) says moving quickly to modern, cleaner technology is “vital” if UK steel is to remain globally competitive. “It’s essential we continue to produce steel in Britain, and decarbonising is the only way we can do that in the long term,” insists TUC general secretary Paul Nowak. the road ahead For now, British Steel acknowledges that government talks are ongoing, emphasising that its “trade union partners will be an important part of that future.” The question remains whether ministers will agree to pump in a further £200 million, with Community and Syndex arguing it is the only strategy that will save Scunthorpe from large-scale redundancies and maintain a fully functioning domestic steel industry until greener technology is ready to take over. SERP-friendly meta description Unions urge the UK government to provide British Steel with £200m to keep Scunthorpe’s two blast furnaces running until electric arc furnaces can be built. Discover why nearly 2,000 jobs are at stake, and why steel’s transition to cleaner technology hangs in the balance.

UK government confirms tighter steel import safeguards from 1 July to protect domestic industry

30 June 2025 News Jamie Young 0 Comments

The UK government has confirmed it will introduce a new set of strengthened steel safeguard measures from 1 July 2025, acting on urgent recommendations made by UK Steel amid growing concerns about a spike in redirected foreign imports.

The number of entry-level jobs in the UK has plunged by almost a third since the launch of the artificial intelligence chatbot ChatGPT, as companies increasingly turn to automation and grapple with rising employment costs.

Entry-level jobs slump 32% amid rise of AI and growing employer costs

30 June 2025 AI, News Jamie Young 0 Comments

Entry-level job vacancies in the UK have dropped by 31.9% since ChatGPT’s release, with retail, IT, and finance among the hardest hit. Rising AI adoption and employer costs are reshaping the graduate jobs market.

Canada has paused the implementation of its controversial digital services tax just hours before it was due to take effect, in a move aimed at reviving stalled trade negotiations with the United States.

Canada shelves digital services tax to revive US trade talks

30 June 2025 News Jamie Young 0 Comments

Canada has paused the implementation of its controversial digital services tax just hours before it was due to take effect, in a move aimed at reviving stalled trade negotiations with the United States.

A proposed new law could dramatically reshape how UK businesses operate, by requiring company directors to consider the impact of their decisions on people and the planet, not just shareholders.

UK businesses could be legally required to prioritise people and planet alongside profit under new law proposals

30 June 2025 News Jamie Young 0 Comments

A proposed new law could dramatically reshape how UK businesses operate, by requiring company directors to consider the impact of their decisions on people and the planet, not just shareholders.

Tom Hartley Jnr has been appointed to sell one of the most extraordinary McLaren road car collections ever assembled — the personal legacy of the late Mansour Ojjeh, the visionary who helped transform McLaren into a motorsport and automotive powerhouse.

Mansour Ojjeh’s legendary McLaren collection to be sold by Tom Hartley Jnr

30 June 2025 News Paul Jones 0 Comments

Tom Hartley Jnr Ltd has been appointed to sell one of the most extraordinary McLaren road car collections ever assembled — the personal legacy of the late Mansour Ojjeh, the visionary who helped transform McLaren into a motorsport and automotive powerhouse.

Lotus has insisted it has “no plans” to shut down any of its UK manufacturing sites following reports it was weighing a potential production shift to the United States.

Lotus denies plans to close Hethel factory amid US expansion talks

29 June 2025 News Jamie Young 0 Comments

Lotus has insisted it has “no plans” to shut down any of its UK manufacturing sites following reports it was weighing a potential production shift to the United States.

Supermarkets and food manufacturers in England will be expected to help tackle rising obesity rates by making it easier for customers to choose healthier food, under a new government initiative announced today.

Government urges supermarkets to make healthy food more appealing in bid to tackle obesity crisis

29 June 2025 News Jamie Young 0 Comments

Supermarkets and food manufacturers in England will be expected to help tackle rising obesity rates by making it easier for customers to choose healthier food, under a new government initiative announced today.

Elite academic credentials are losing their dominance in graduate recruitment, as UK tech employers place growing emphasis on practical and interpersonal skills when hiring for entry-level roles.

Top university degrees lose sway as tech employers prioritise job-ready skills

29 June 2025 News Jamie Young 0 Comments

Elite academic credentials are losing their dominance in graduate recruitment, as UK tech employers place growing emphasis on practical and interpersonal skills when hiring for entry-level roles.

Jeremy Clarkson’s ambitions for his premium beer brand, Hawkstone, are anything but modest. What began as a local collaboration using barley from his Diddly Squat farm is now Britain’s fastest-growing privately owned brewery — and it’s just getting started.

Britain’s fastest-growing firms revealed for 2025: Dfyne, Nala’s Baby and Hawkstone lead the charge

29 June 202527 June 2025 News Jamie Young 0 Comments

The Sunday Times has unveiled its much-anticipated list of the UK’s 100 fastest-growing private companies of 2025, with activewear label Dfyne topping the rankings after recording extraordinary growth of 517 per cent a year.

Four standout teams have been crowned winners of the Isle of Man Innovation Challenge 2025, following a global competition showcasing cutting-edge solutions in cleantech, data and AI, fintech, and sustainability.

Winners announced at Isle of Man Innovation Challenge 2025

27 June 2025 Get Funded, News Paul Jones 0 Comments

Four standout teams have been crowned winners of the Isle of Man Innovation Challenge 2025, following a global competition showcasing cutting-edge solutions in cleantech, data and AI, fintech, and sustainability.

A Manchester entrepreneur has been cleared of computer hacking after a private prosecution brought by the Information Commissioner’s Office (ICO).

Manchester businessman cleared of hacking charges in ICO case

27 June 2025 News Jamie Young 0 Comments

Craig Cornick, who runs several companies in the legal and financial services sectors, was found not guilty by a unanimous jury at Bolton Crown Court of conspiring to access computer systems without authority.

Prime Minister Keir Starmer has publicly thanked Britain’s businesses for absorbing the financial burden of his government’s £23 billion national insurance hike, while facing mounting pressure from industry leaders not to impose further tax rises in the autumn.

Starmer thanks business for footing tax bill

27 June 2025 News Jamie Young 0 Comments

Prime Minister Keir Starmer has publicly thanked Britain’s businesses for absorbing the financial burden of his government’s £23 billion national insurance hike, while facing mounting pressure from industry leaders not to impose further tax rises in the autumn.

Tesla, the electric vehicle (EV) powerhouse led by Elon Musk, delivered an average of 4,889 vehicles a day in 2024, even as its full-year figures dipped slightly from 2023.

UK vehicle production slumps to lowest May level since 1949 as tariffs bite

27 June 2025 News Jamie Young 0 Comments

Britain’s car and van manufacturing sector has recorded its weakest May for more than seven decades, with output falling by almost a third amid new US tariffs and the ongoing transition to electric vehicle production.

Companies House

Small firms raise alarm over Companies House rule change forcing profit disclosure

27 June 2025 News Jamie Young 0 Comments

Thousands of small businesses across the UK have expressed alarm at sweeping new Companies House regulations that will require them to disclose sensitive financial data and switch to commercial software to file their accounts.

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Latest Content

The sports supplement maker Applied Nutrition has raised its annual sales and profit guidance for the third time this year, bringing the company founded by a former Liverpool scaffolder within touching distance of a £1 billion stock market valuation.

Applied Nutrition closes in on £1bn valuation after raising guidance for third time this year

Applied Nutrition, the sports supplement maker founded by former Liverpool scaffolder Tom Ryder, has upgraded its sales and profit guidance for the third time this year, with revenue expected to jump 50 per cent to £160 million and the group closing in on a £1 billion stock market valuation.

One of Britain’s oldest family firms to save £250,000 a year as energy scheme opens to forges

Burnham signals more energy bills support in budget as price cap rises 4 per cent

OnlyFans owner dividends topped $700m before his death

Business travel and meals on the go: one way to show your team you care

TikTok UK legal bill tops $1bn as regulators close in

National Wealth Fund backs Devon tungsten mine revival with £71m

Zero-hours contracts crackdown risks closing ‘doors to opportunity’, employers warn

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